Artikel

An anti-folk theorem for finite past equilibria in repeated games with private monitoring

We prove an anti-folk theorem for repeated games with private monitoring. We assume that the strategies have a finite past (they are measurable with respect to finite partitions of past histories), that each period players' preferences over actions are modified by smooth idiosyncratic shocks, and that the monitoring is sufficiently connected. In all repeated game equilibria, each period play is an equilibrium of the stage game. When the monitoring is approximately connected, and equilibrium strategies have a uniformly bounded past, then each period play is an approximate equilibrium of the stage game.

Sprache
Englisch

Erschienen in
Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 7 ; Year: 2012 ; Issue: 1 ; Pages: 25-55 ; New Haven, CT: The Econometric Society

Klassifikation
Wirtschaft
Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
Thema
Repeated games
anti-folk theorem
private monitoring

Ereignis
Geistige Schöpfung
(wer)
Peski, Marcin
Ereignis
Veröffentlichung
(wer)
The Econometric Society
(wo)
New Haven, CT
(wann)
2012

DOI
doi:10.3982/TE760
Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

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Objekttyp

  • Artikel

Beteiligte

  • Peski, Marcin
  • The Econometric Society

Entstanden

  • 2012

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